HONG KONG, Oct 11 (Reuters) - Hong Kong shares are set to
open flat to slightly lower on Thursday, tracking weakness on
Wall Street after U.S. corporate bellwethers warned about slower
global demand especially ebbing growth in China, the world's
The Hang Seng Index eased 0.1 percent on Wednesday
although healthy gains in locally listed Chinese shares,
which ended up 0.7 percent, limited losses.
Warnings from oil producer Chevron Corp about
third-quarter earnings and a gloomy forecast for aluminum demand
from Alcoa Inc sent the S&P 500 to its fourth
straight weekly loss overnight.
Meanwhile in Asia, Japan's Nikkei was down 0.3
percent while South Korea's KOSPI was 0.1 percent lower
by 0035 GMT.
STOCKS TO WATCH:
* ING said it has agreed to sell its Malaysian
insurance unit to pan-Asian insurer AIA Group Ltd for
1.3 billion euros ($1.68 billion) in cash, kicking off the Dutch
group's long-awaited divestment of Asian assets.
* AIA Group Ltd recorded a 22 percent increase in
value of new business to $300 million for the third quarter
ended Aug. 31 with margin up 11 percentage points to 42.6
percent. For statement clicks http://www.hkexnews.hk/listedco/listconews/sehk/2012/1011/LTN20121011010.pdf
* China's Lenovo Group Ltd edged out Silicon
Valley icon Hewlett-Packard Co to become the world's No.
1 PC maker in the third quarter, according to new data released
by research house Gartner on Wednesday.
* Baoshan Iron and Steel, China's largest listed
steelmaker, will keep prices of its main products unchanged for
a second straight month in November, surprising the market that
was expecting a hike given recent gains in spot prices.
* The European Commission has delayed a trade case against
two Chinese telecom equipment makers, Huawei Technologies Co Ltd
and ZTE Corp , also under scrutiny
in the United States, easing tensions between the European Union
and its second-biggest trading partner.
(Reporting by Vikram Subhedar; Editing by Jacqueline Wong)